The CFO of Bio-Techne is Exercising Options

Yesterday it was reported that the CFO of Bio-Techne (TECHResearch Report), James Hippel, exercised options to sell 15,909 TECH shares at $108.49 a share, for a total transaction value of $4.47M.

Following James Hippel’s last TECH Sell transaction on November 25, 2019, the stock climbed by 83.3%.

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The company has a one-year high of $306.13 and a one-year low of $155.17. TECH’s market cap is $11.66 billion and the company has a P/E ratio of 46.10. The Company has a Price to Book ratio of 75.55.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $330.33, reflecting a -10.7% downside.

The insider sentiment on Bio-Techne has been negative according to 41 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Bio-Techne Corp. engages in the development, manufacture and sale of biotechnology reagents and instruments for the research and clinical diagnostic markets. It operates through the following segments: Biotechnology, Protein Platforms, Diagnostics, and Corporate. The Biotechnology segment supplies specialized proteins, such as cytokines and growth factors, immunoassays, antibodies and related reagents, as well as in situ hybridization, media and other cell culture products and reagents to the biotechnology research community. The Protein Platforms segment develops, manufactures, and sells tools to simplify protein analysis. The Diagnostics segment includes blood chemistry and blood gas quality controls, hematology instrument controls, diagnostic immunoassays, and other bulk and custom reagents for the in vitro diagnostic market worldwide. The company was founded on 1976 and is headquartered in Minneapolis, MN.